How to encourage innovation
I saw a post that KFC has introduced a self driving kiosk to provide food to customers in Shanghai. My question is - why does KFC not introduce this kiosk in Singapore? A friend said - because Singapore has regulations on self driving vehicles. I am sure that Shanghai has similar regulations. The key difference is - the leaders...
Bottom Up Works Best But The Top Needs To Show Who Is Boss
As mentioned in an earlier post, “The Real Damage to China,” one of the biggest stories to go relatively uncovered, was the cancellation of the Initial Public Offering (IPO) of Ant Financial Group (“Ant”). The story was overshadowed by the results of the US election, and while the identity of the US President and his...
Free Trade Agreement (FTA)
RCEP is a Free Trade Agreement (FTA). However, it has very little to do with increasing trade, but rather to guarantee the rights of MNCs when they invest in a foreign country. Whenever our government talk about FTAs, it likes to point out that tariffs of goods will be slashed and therefore will be cheaper and trade will increase....
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